Economy
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Ringgit slips as US jobs data keeps greenback at two-year high, trade tensions weigh on outlook
KUALA LUMPUR, Jan 3 — The ringgit extended its loss to close lower against the US dollar on Friday as robust US jobs data held the greenback at a near two-year high. At 6pm, the ringgit slid to 4.4975/5030 against the American dollar from Thursday’s close of 4.4760/4810. The US weekly jobless cla...Read more -
Analysts: Market volatility likely to continue as global tensions weigh on Bursa Malaysia
KUALA LUMPUR, Jan 4 — Bursa Malaysia is likely to remain cautious next week as investors are bracing for a cautious start to 2025, with eyes fixed on the US President Inauguration Day scheduled on Jan 20, said an analyst. SPI Asset Management managing partner Stephen Innes said the looming threat...Read more -
Ringgit under pressure, but foreign inflows may provide cushion, say analysts
KUALA LUMPUR, Jan 4 — The ringgit is expected to trade on a softer note against the US dollar, remaining within a narrow range next week. UOB Kay Hian Wealth Advisors head of investment research Mohd Sedek Jantan said the United States economic data, particularly jobless claims, are anticipated t...Read more